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Albion 49224
602 ORCHARD DR
$21,000
● House - Off Market

602 ORCHARD DR

Albion, MI 49224
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,296 Ft²
$41,345
RealtyHop Estimate
72.27%
Since May 1, 2016
National-US
Primary Model

About This Property

Lot of home for the money. Features include enclosed back porch, Shed, Attached 2 car garage. Ranch home with huge family room with bar. Close to downtown Albion. Home will be selling in its as-is condition.
Unit Size
1,296 Ft²
Days on Market
-
Land Size
0.23 acres
Price per sqft
$19
Property Type
House
Property Taxes
$88
HOA Dues
-
Year Built
1950

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 3 years ago (MichRIC MLS #21089073)

Price History

Date / Event Date Event Price
Mar 8, 2020 No longer available -
No longer available
Feb 28, 2020 Sold
Premium
Sold
Jan 29, 2020 Listed $59,900
Listed
Move in 3 bed 1 bath home. This home offers a large family room as well as large living room. 2 car attached garage, enclosed porch and shed. This home is 4 mins from Albion College and downtown Albion. All you need to do is pack your bags and move right in. The manager has listed the unit size as 1296 square feet.
Jan 4, 2020 Listed by Next Step Realty $59,900
Listed by Next Step Realty
Jun 14, 2017 Sold
Premium
Sold
Show More

Property Highlights

Garage

Building Info

Overview

    General

  • Year Built: 1950
  • Effective Year Built: 1950
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 7
  • Garage Square Area: 400
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 9,801
  • Lot Size Depth Feet: 1,400
  • Lot Size Frontage Feet: 808
  • Total Building Area: 1,296
  • Building Area: 1,296
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,296
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: ASSESSORS PLAT OF ORCHARD PARK ADDITION
  • Land Acres: 0000000225
  • Standard Land Use Code: 1001
  • County Land Use Code: 401
  • Legal Description 1: ALBION CITY, ASSESSORS PLAT OF ORCHARD PARK LOT 18

Neighborhood

  • School District Name: Albion Public Schools
  • School Tax School District: ALBION
  • Census Tract: 003300

Zoning

  • Zoning: R1C

Geography

  • District: 51
  • Parcel: 51-008-618-00
  • Lot: 18
  • Municipality: ALBION CITY
  • Latitude: 42.2391
  • Longitude: -84.7612

    Address

  • Full Address: 602 Orchard Dr
  • Address - House Number: 602
  • Address - Street Name: Orchard
  • Address - Suffix Type: Dr
  • State: MI
  • City Name: Albion
  • Carrier Code: C001
  • 4-Digit Zip Code: 2060
  • Zip Code: 49224

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $140,746

    Appraisal Valuation

  • Standard Deviation: 0.4706
  • Valuation Date: Oct 11, 2023
  • Confidence Score: 5
  • Final Value: 57,771
  • High Value: 84,959
  • Low Value: 30,582

    Market Valuation

  • Market Total Value: $93,800

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $46,900

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Feb 21, 2020
  • Current Sale Recording Date: Feb 28, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Previous Sale Recording Date: Jun 14, 2017
  • Previous Sale Contract Date: Jun 05, 2017
  • Previous Sale Amount: $52,000
  • Previous Sale Document Type: 71
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Albion

Stats & Trends

Median Asking:

$135,500

Sale Price/ft²

$102

Below Asking

0.07%

Average Days on Market

73

Average Home Size

1494 ft²

Average Home Age

105 years

Currently For Sale

15 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

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MichRIC

Listed by: TIMOTHY L JACOBS, Next Step Realty
Last Updated: 3 years ago
Data Source: MichRIC, MLS# 21089073
Information is deemed reliable but not guaranteed. Copyright 2026 MichRIC, LLC. All rights reserved. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.

Frequently Asked Questions

When was property at 602 Orchard Drive built and last sold?
The property at 602 Orchard Drive was built in 1950 and last sold on Feb 21, 2020 for $59,900.
How much is this home worth?
The estimated value of the home located at 602 Orchard Drive is $61,851.
What are some comparable homes to 602 Orchard Drive?
There are currently no comparable homes to 602 Orchard Drive.
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